Common use of Continued insurance benefits Clause in Contracts

Continued insurance benefits. Provided that Executive elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay the premiums for Executive's group medical, dental and vision coverage, including coverage for Executive's eligible dependents for the Continuation Period or, if shorter, for the duration of the COBRA continuation period; provided, however, that no such premium payments shall be made following the effective date of Executive's coverage by a medical, dental or vision insurance plan of a subsequent employer. Executive shall be required to notify the Company in writing immediately if Executive becomes covered by a medical, dental or vision insurance plan of a subsequent employer. No provision of this Agreement will affect the continuation coverage rules under COBRA, except that the Company's payment of any applicable insurance premiums during the Continuation Period will be credited as payment by Executive for purposes of Executive's payments required under COBRA. Therefore, the period during which Executive elect to continue the Company's group medical coverage at his own expense under COBRA, the length of time during which COBRA coverage will be made available to Executive, and all other rights and obligations of Executive under COBRA (except the obligation to pay insurance premiums that the Company pays during the Continuation Period) will be applied in the same manner that such rules would apply in the absence of this Agreement. At the conclusion of the Continuation Period, Executive shall be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 2(b), applicable premiums that will be paid by the Company during the Continuation Period shall not include any amounts payable by Executive under a Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of Executive.

Continued insurance benefits. Provided that Executive the Eligible Employee elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay the portion of premiums for Executiveof each Eligible Employee's group medical, dental and vision coverage, including coverage for Executivethe Eligible Employee's eligible dependents for dependents, that the Continuation Period or, if shorterCompany paid prior to the Covered Termination, for the duration of the COBRA continuation periodeighteen (18) months; provided, however, that no such premium payments shall be made following the effective date of Executivethe Eligible Employee's coverage by a medical, dental or vision insurance plan of a subsequent employer. Executive Each Eligible Employee shall be required to notify the Company in writing immediately if Executive the Eligible Employee becomes covered by a medical, dental or vision insurance plan of a subsequent employer. No provision of this Agreement Plan will affect the continuation coverage rules under COBRA, except that the Company's payment of any applicable insurance premiums during the Continuation Period will be credited as payment by Executive the Eligible Employee for purposes of Executivethe Eligible Employee's payments payment required under COBRA. Therefore, the period during which Executive an Eligible Employee must elect whether or not to continue the Company's group medical medical, dental or vision coverage at his own expense under COBRA, the length of time during which COBRA continuation coverage will be made available to Executivethe Eligible Employee, and all other rights and obligations of Executive the Eligible Employee under COBRA (except the obligation to pay insurance premiums that the Company pays during the Continuation Period) will be applied in the same manner that such rules would apply in the absence of this AgreementPlan. At the conclusion of the Continuation Period, Executive shall the Eligible Employee will be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 2(b4(c), applicable premiums that will be paid by the Company during the Continuation Period shall not include any amounts payable by Executive the Eligible Employee under a Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of Executivethe Eligible Employee.

Continued insurance benefits. Provided that Executive elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay the portion of premiums for of Executive's group medical, dental and vision coverage, including coverage for Executive's eligible dependents for the Continuation Period or, if shorter, for the duration of the COBRA continuation period; provided, howeverdependents, that no the Company paid prior to the Covered Termination. The number of months of such premium payments shall equal the number of months of salary continuation payments pursuant to Section 2.2 above, but in no event shall such premium payments be made for a period exceeding eighteen (18) months or be made following the effective date of Executive's coverage by a medical, dental or vision insurance plan of a subsequent employer. Executive shall be required to notify the Company in writing immediately if Executive becomes covered by a medical, dental or vision insurance plan of a subsequent employer. No provision of this Agreement will affect the continuation coverage rules under COBRA, except that the Company's payment of any applicable insurance premiums during the Continuation Period period of salary continuation will be credited as payment by Executive for purposes of Executive's payments payment required under COBRA. Therefore, the period during which Executive must elect to continue the Company's group medical coverage at his Executive's own expense under COBRA, the length of time during which COBRA coverage will be made available to Executive, and all other rights and obligations of Executive under COBRA (except the obligation to pay insurance premiums that the Company pays during the Continuation Periodperiod of salary continuation) will be applied in the same manner that such rules would apply in the absence of this Agreement. At the conclusion of the Continuation Periodperiod of salary continuation during which the Company will pay a portion of the premiums for Executive's group medical, dental and vision coverage, Executive shall will be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 2(b)2.4, applicable premiums that will be paid by the Company during the Continuation Period shall not include any amounts payable by Executive under a Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of Executive.

Continued insurance benefits. Provided that Executive the Eligible Employee elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("“COBRA"”), the Company shall pay the portion of premiums for Executive's of the Eligible Employee’s group medical, dental and vision coverage, including coverage for Executive's the Eligible Employee’s eligible dependents dependents, that the Company paid prior to the Covered Termination, for the Continuation Period oror such earlier date that the Eligible Employee (or his or her dependents) ceases to be eligible for such coverage. In addition, if shorter, for the duration of the COBRA continuation period; provided, however, that in no event will such premium payments shall be made following the effective date of Executive's coverage by a that the Eligible Employee becomes eligible for group medical, dental or vision insurance plan of coverage through a subsequent employer. Executive The Eligible Employee shall be required to notify the Company in writing immediately if Executive the Eligible Employee becomes eligible to be covered by a group medical, dental or vision insurance plan of a subsequent employer. No provision of this Agreement Plan will affect the continuation coverage rules under COBRA, except that the Company's ’s payment of any applicable insurance premiums during the Continuation Period will be credited as payment by Executive the Eligible Employee for purposes of Executive's payments the Eligible Employee’s payment required under COBRA. Therefore, the period during which Executive an Eligible Employee may elect whether or not to continue the Company's ’s group medical medical, dental or vision coverage at his own expense under COBRA, the length of time during which COBRA continuation coverage will be made available to Executivethe Eligible Employee, and all other rights and obligations of Executive the Eligible Employee under COBRA (except the obligation to pay insurance premiums that the Company pays during the Continuation Period) will be applied in the same manner that such rules would apply in the absence of this AgreementPlan. At the conclusion of the Continuation Period, Executive shall the Eligible Employee will be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA continuation period. For purposes of this Section 2(b4(b), (i) references to COBRA shall be deemed to refer also to analogous provisions of state law and (ii) any applicable insurance premiums that will be are paid by the Company during the Continuation Period shall not include any amounts payable by Executive the Eligible Employee under a an Internal Revenue Code Section 125 health care reimbursement plan, which amounts, if any, are the sole responsibility of Executivethe Eligible Employee.